Time for gold to show its mettle against risky Bitcoin

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Bitcoin’s wild ride has been the talk of the town. But for those of us who like a somewhat harder asset, the traditional safe haven of gold still has much allure.

All eyes are on Davos this week, and it would seem the political elite have the knives out for Bitcoin.

Theresa May and Philip Hammond suggested that the currency’s links to criminal networks need serious scrutiny, with the Prime Minister saying yesterday that the UK will look “very seriously” at Bitcoin.

Meanwhile, investors and those keenly watching from the sidelines are likely to see further price fluctuations in the cryptocurrency, which rose 1,300pc in 2017. Bitcoin’s wild ride has been the talk of the town. But for those of us who like a somewhat harder asset, the traditional safe haven of gold still has much allure.

As assets, gold and gold-mining equities were very competitive in 2017....